Pepco Holdings Inc (NASDAQ:POM) Sees Large Decline in Short Interest

Pepco Holdings Inc (NASDAQ:POM) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 24,476 shares, a drop of 67.1% from the June 30th total of 74,419 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 32,005 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Pepco from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Pepco Stock Performance

NASDAQ POM traded up $0.01 during trading hours on Monday, reaching $0.72. The company’s stock had a trading volume of 42,963 shares, compared to its average volume of 207,471. The business has a 50-day simple moving average of $1.59 and a 200 day simple moving average of $3.96. Pepco has a 52 week low of $0.63 and a 52 week high of $115.74.

Pepco (NASDAQ:POM) last posted its earnings results on Thursday, May 14th. The utilities provider reported ($0.13) EPS for the quarter. The firm had revenue of $16.40 million during the quarter.

About Pepco

Pepco Holdings LLC, formerly Pepco Holdings, Inc, is a holding company. The Company, through its utility subsidiaries, is engaged in the transmission, distribution and default supply of electricity, and the distribution and supply of natural gas. The Company’s segments include Power Delivery, Pepco Energy Services, and Corporate and Other. The Company’s subsidiaries include Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Pepco is engaged in the transmission, distribution and default supply of electricity.